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Indian Government Funding 5G Network Research

25Dec By Press Trust of IndiaNo Comments

INDIA, News

Indian Government Funding 5G Network Research

The government is funding a research project on 5G technology being undertaken by Country's premier academic institutions with an outlay of Rs. 36.51 crores, Indian Parliament was informed today. "The Department of Electronics and IT is funding a collaborative research project on 5G being undertaken by premier academic institutions across the country", Communications and IT Minister of India Mr. Ravi Shankar Prasad said in a written reply to Lok Sabha.Communications and IT Minister of India Mr. Ravi Shankar Prasad said in a written reply to Lok Sabha. He further said the project was approved in September 2015 with an outlay of Rs 36.51 crore over a period of three years to be jointly implemented by IISc-Bangalore, IIT-Bombay, IIT-Hyderabad, IIT-Madras and Centre of Excellence in wireless...

Dr Lal PathLabs sees blockbuster listing on BSE; stock up 31%

23Dec By AnkitaNo Comments

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Dr Lal PathLabs sees blockbuster listing on BSE; stock up 31%

Shares of India's biggest diagnostic chain Dr Lal PathLabs listed with a strong premium of almost 31% over the issue price of Rs 550 on Tuesday. On BSE, Dr Lal's stock opened at Rs 717, up 30.36% as against the issue price. Within minutes of trade, it touched a high of Rs 747 and a low of Rs 715.50. The stock listed at Rs 720, a steep gain of 30.9% on NSE. The company commands a market valuation of Rs 6,142.16 crore. Dr Lal's IPO was a big success with 33.41 times over-subscription. In the IPO, the qualified institutional buyers (QIBs) part was subscribed 63.56 times and non-institutional investors saw 61.28 times subscription. The retail investors category was subscribed 4.24 times. Prior to Dr Lal's IPO, Alkem, S H Kelkar, VRL Logistics, Power Mech Projects and Syngene Intern...

Global economy depends on more than India in 2016

20Dec By AnkitaNo Comments

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Global economy depends on more than India in 2016

By Peter Thal Larsen and Robyn Mak (Reuters)- India will not rescue the global economy in 2016. The subcontinent’s expanding GDP is one of next year’s few economic bright spots. But Indian output is still too small. Any negative shocks from the sluggish United States and decelerating China will reverberate more widely. India is finally emerging from China’s shadow in the global growth stakes. Helped by a controversial overhaul of its GDP statistics, the Indian economy probably expanded by 7.5 percent in 2015 and is set to swell by a further 7.8 percent in 2016. Contrast that with the People’s Republic, which is struggling to maintain the near-7 percent pace promised by its leaders. The prospect of sustained rapid growth has drawn the attention of prominent central bankers. India’s ec...

Japan’s SoftBank bags first solar power project in India

19Dec By NitishNo Comments

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Japan’s SoftBank bags first solar power project in India

NEW DELHI--(BUSINESS WIRE)-- SB Energy, (formerly known as SBG Cleantech), a three-way joint venture between Japan-headquartered telecommunications and Internet major SoftBank Group Corp. (“SoftBank”), leading Indian business conglomerate Bharti Enterprises Limited (“Bharti”) and Taiwan-based top design and manufacturing services provider Foxconn Technology Group (“Foxconn”), won the NTPC bid to develop a 350MW solar plant under the Phase-II, Batch-II, Tranche-I of National Solar Mission at a 25-year tariff of Rs. 4.63/ kWh. The project is to be developed in the Ghani Sakunala Solar Park, Kurnool District in the state of Andhra Pradesh. This is SoftBank’s first step towards realising its $ 20 billion commitment to promote clean and safe energy in India. This solar project, under the flag...

Sab Kuch Aasaan Hai For People Living in Andheri Region of Mumbai

16Dec By AnkitaNo Comments

Story

Sab Kuch Aasaan Hai For People Living in Andheri Region of Mumbai

AASAAN, is a mobile-based chat platform, where the user sends in their enquiry about anything they may require in the form of a chat message. He then receives a response within 90 seconds about the possible delivery options, and the price quote of the service and product they desire. Once the user confirms the order, the team places the order with their affiliated vendor’s and use their logistic team to collect the order and deliver the product at the user’s doorstep. The company acts like the middle men between the user and the vendor. What makes it different from its competitor is the fact that it does not impose any delivery charges on any order (even if the order is just for a éclair). This is because the company’s desire is just to serve its customer and target the masses. Another ...

6Dec By Press Trust of IndiaNo Comments

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Facebook sets up SME Council in India

Social media giant Facebook, which has over two million Indian small and medium businesses (SMBs) on its platform, has set up a SME Council to help small ventures from various industries share feedback and discuss ideas around leveraging technology to grow their enterprise. This is the second SME Council set up by Facebook globally, the first one being in the US. Over 45 million small businesses actively use Facebook Pages to connect to their consumers. "Small businesses are the backbone of India's economy. From kirana stores to restaurants and online clothing sites, these businesses drive economic growth, create new jobs and enrich the lives of people across the country," Facebook India Managing Director Kirthiga Reddy told PTI. Facebook is focussed on helping people connect, i...

First-Of-Its-Kind Partnership In India – Buy Smartphone OnePlus X, Straight From The Ola App

5Dec By AdityaNo Comments

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First-Of-Its-Kind Partnership In India – Buy Smartphone OnePlus X, Straight From The Ola App

Ola, India’s most popular mobile app for personal transportation and OnePlus, a fast growing technology startup, today announced a first-of-its-kind partnership in India, giving users an opportunity to buy the latest smartphone OnePlus X, on-demand, straight from the Ola app. For one-day only on December 8, 2015, OnePlus together with OlaCabs and Amazon India is bringing a whole new dimension to your smartphone purchase experience. A first in India, buying a OnePlus X is as handy as hailing for a cab on your app with same-day delivery guarantee (in less than 15 minutes of placing the order) and consumer-friendly payment options. The partnership will take place across seven cities namely Delhi/NCR, Mumbai, Pune, Bangalore, Hyderabad, Kolkata and Ahmedabad. Fans wishing to purchase the O...

Web Summit, World’s Most Important StartUp Event, Comes to India as SURGE

4Dec By AnkitaNo Comments

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Web Summit, World’s Most Important StartUp Event, Comes to India as SURGE

Web Summit, the planet’s largest and most influential tech and startup event, is launching its Indian edition as SURGE 2016. Aimed at the tech and startup communities in India and internationally, SURGE 2016 will be held in Bangalore on February 23-24, 2016. Paddy Cosgrave, CEO of Web Summit, announced the event today along with Vikram Ahuja, founder, Beyond Travel, and outlined how SURGE will act as a catalyst in supporting the startup community in the country and the region. Web Summit has been recognised as staging “the best technology conferences on the planet” (Forbes). Paddy Cosgrave, co-founder of Web Summit said: “Web Summit is now the biggest and most influential startup gathering in the world. In recent years, we’ve seen a significant rise in the number of Indian startups att...

Shocking: India’s Biggest Ecommerce Platform Unable To Find a Chief Financial Officer Since February

29Nov By No Comments

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Shocking: India’s Biggest Ecommerce Platform Unable To Find a Chief Financial Officer Since February

India’s most respected and loved E-commerce site, Flipkart founded by two college friends who studied together at IIT-Delhi and worked together in Amazon. It's revenue is estimated to be somewhere between $500 million to $1 billion, to create which it has had to pull in around $200 million in venture funding over four rounds till now. But since February this year, Flipkart been unable to find a Chief Financial Officer after its erstwhile CFO Karandeep Singh resigned unexpectedly. Singh, an experienced professional had joined Flipkart just over a year before his resignation. He was widely regarded as sort of the “grown up” hired to steer Flipkart towards a successful IPO, akin to, say, Sheryl Sandberg at Facebook. Needless to say Singh’s exit came as a huge shock to entrepreneurs, inve...

28Nov By AnkitaNo Comments

FUNDING

Bangalore Based Home Services Start-up Bro4u Raised Angel Funding; Plans to Expand Into Other Cities

Bro4u.com, Bangalore-based home service market place, have raised undisclosed funds from Sargod Ventures led by Alok Sargod. Bro4u is an 8-month-old hyper-local home services app which promises seven minutes turnaround for users, which is the quickest compared to any competitors available in this expertise. Read Also: How Akshay turned ‘Bhaiya chutta nahi hai’ into bro4u.com Pramod Hegde, CEO & Co-Founder of Bro4u, said that their latest funding would be used to strengthen their position in home ground Bangalore. He also confirmed that they are in talks with Venture Capitalists to move into next level by expanding the services to Hyderabad and Pune market. Pramod believes that there is no clear leader in this segment yet, and anyone who has a right will come out as a market leade...

BSNL Revenue : Rs 672-crore operating profit in 2014-15, first Net profit by 2018

28Nov By AdityaNo Comments

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BSNL Revenue : Rs 672-crore operating profit in 2014-15, first Net profit by 2018

Bharat Sanchar Nigam Limited, an Indian state-owned telecommunications company is back on track for recovery with Rs 672-crore operating profit in 2014-15 and is likely to report the first net profit in the last nine years within 2018, communications minister Ravi Shankar Prasad said. The company’s income from services grew 4.16% to 27,242 crore in 2014-15, the highest in the last five years. The company has registered an impressive growth in mobile connections in recent months — It went up from 900,000 in May this year to 1.6 million in July. It has also adopted mobile number portability (MNP) from July 2015, and has since then added 1,57,564 subscribers. “We are confident of achieving the target of becoming cash positive by 2018 and all 225,000 employees are committed to achie...

MyLeastPrice launches new online price comparison website offering lucrative Cashback on every purchase

25Nov By AnkitaNo Comments

Story

MyLeastPrice launches new online price comparison website offering lucrative Cashback on every purchase

MyLeastPrice, an online search and price comparison website has launched their operations in India. With over 1.5 Crore products from all the leading online stores, MyLeastPrice is a surprisingly easy to use search engine that helps its user find the best prices and deals on products available online. Moreover, they offering lucrative Cashback on every purchase made through their website. MyLeastPrice is a young company started by a group of Indore based IT enthusiasts. The goal of the company is to provide quick and unbiased information about all the products available on different online stores, and set themselves as the most trusted and efficient destination to help buyers make their purchase decision. Where most of the websites are offering Reward Points, their Cashback feature make...